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tv   Boom Bust  RT  September 23, 2020 3:30am-4:00am EDT

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deal or prevent it. just one week after new rules kicked in on the bar to ban u.s. companies from working with china's telecom giant while way well things have changed quite a bit the move against wall way is part of a broader international campaign that includes many countries banning wall way from participating in their 5 g. networks this includes australia although the whole movement seems very cut and dry as artie's alex mahela which tells us there's more going on behind the scenes. it looked like a done deal. on the china firmly opposes the u.s. is deliberate discredit and crackdown on weiwei and other chinese enterprises on september 15th the u.s. banned companies from supplying for servicing while way arguing that the tech giant was being used by the chinese government to spy on other countries a big ticket item in the band is chips one way is prohibited from buying components from american and north american companies that were developed using equipment or
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software made in the usa however the u.s. already seems to be boosting its hold according to a report from china intel has been granted a license by the united states to continue doing business while way which will help will always laptop division other companies have also suffered mission to work with the world's biggest smartphone maker this includes china semiconductor manufacturing international corporation that uses u.s. origin equipment to make chips as well as south korean chip maker escape hynix meanwhile the campaign against weiwei it's also sees a holes in other parts of the world namely australia relations between china and the land down under have been tense since australia banned while way from supplying equipment for a 5 g. mobile network back in 2000 and t. in response what were his cut jobs and investment in australia it was what was cheap corporate affairs officer in australia jeremy mitchell the reality is you know we we've gone from a 1000 stuff next year will be
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a 100 stop you know the impact on the 5 change band and the great strike to china relationship has had a huge flow on effect while we also cancel that 72 point $3000000.00 us dollar investment for research and development in australia in addition huawei and its whole disport sponsorship deal with an australian rugby team all in all not everyone is happy with the australian government's maneuvering really really sad died as jeremy said. will be still be appearing as a sponsor next year will be i'm the very very lucky if we find another one as good as y.y. with resistance in some parts of the world while way it's been exploring other avenues to continue its growth the company plans to open its flagship stores in 40 smaller outlets across europe by the end of the year while way has also committed to deferring funds from the u.s. and investing more in russia in the words of wildly c.e.o. renting face after the us included us on the entity list we transferred or best
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made in the u.s. to russia increased russian basement expanded the russian scientists t.v. and the increase the salary of russian scientists at a grander scale but company is set to take on american multinational google by developing an operating system to replace google's android will by 000 s. currently while we have 600000000 users in its ecosystem. us on what smart of each. and i want to take a deeper look into this we're bringing co-host chrystia and editorial director for the american institute for economic research jeffrey tucker jeffrey washington has been pushing governments around the world their allies to squeeze out wall way and barred u.s. companies from supplying or even servicing them now this the intel has received permission to supply wall way one of the united states allow this license to be granted why not a smoker or even as next like alex said. but what's happening is that the chap
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administration is gradually realizing we're living in a club with economic environment not easily disentangled by the nation state and this is an accurate and basically acquiescence to that to that reality and it's a sign a certain amount of flexibility on the part of the chump administration they will not be able to drive this this iron wall between between china and the us it's not plausible in a in a digital age and i'm i have to tell you i'm very impressed by wall ways response here there's it's clearly a company run by some very smart adults who are more interested in prosperity in technology than they are in just national pride i think wa way gets a better into the deal here trump administration is going to lose this war with be could be part of a we know that back then when it be while i was issued to the entity list the united states was still granting some of these licenses to american companies to
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continue to do business with wa is that connected to this. well yeah i mean it certainly is i mean this thing is that what you really just have here is trump who's trying to apply the old 19th century rules of protectionism in a in a digital age where everybody is connected no matter what the regulators are saying so this is some backroom dealing to keep the function and to keep to keep american companies supplying huawei in a way that trump liberal believes will benefit american jobs sort of course you're right it's it's intellectually inconsistent and lot of it's about who's paying whom to get their get their way in the global economy today well kristie the talk war continues obviously is beginning to take a toll on local economies such as us australia as alex mentioned in his piece united states ally who again joined the boycott against wa wait while we were below the 100000000. county's not going to handle this well at all as and i'm the analyst
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already estimated that this 5 g. ban on holland has already cost australia over a $1000.00 high tech and highway jobs from the economy and from a revenue standpoint it's gone from annual revenues of easily $1000000000.00 with 5 g. to a situation where in the next few years revenue will be below $200000000.00 so as a also suffered damages from being a casualty of this tech war it has reduced previous of planned investment endeavors in part due to the 5 g. been set in place and also in part due to the rising tensions between china and australia so this is very harmful to economies like australia who was relying on these have the investments so holly abandoned its plans for large scale r. and d. development in australia it closed another $60000000.00 operational and business support center it closed another $30000000.00 national training innovation center terminated in multimillion dollar funding on the internet of things lab which basically cost the entire economy thousands of local jobs so there was also
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previous plans were another 100000000 dollar investment in western australia for a global or indeed center for 5 g. mining applications given that australia is the world leader in reeds in the resources sector but the 5 g. band obviously killed that so local officials are worried now that australia will suffer greatly with the loss of current r. and d. spending but more importantly the loss of future r. and d. as it will not be able to keep up with the quick pace and turnover of technological innovations and we know it's really important in wa way there are in dispensing it's as a company that spends the most amount of money in doing so geoffrey huawei is now now intends to enter this p.c. and monitor market so they're kind of diversifying right why the sudden shift here are they abandoning their plans you think to be the global leader in 5 g. is this a sign of defeat or are they simply just looking at other other departments to go into essentially this is called the low. long game they've got their eyes on
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apple microsoft on google they're not going to take this line down on operating systems you can build them you can create your own ecosystems you can create hardware we know how to do it. huawei is specialized in this and both both replication and innovation so this is an extra really ambitious view they're looking at 510 years from now we're kind of laptops are people going to be using what what is going to be the i o s what's going to be the operating system on people's phones while away wants to be the global leader and they're betting that they can do it and i i don't think it's crazy i think it's actually possible this is not you know 20 years ago this we know how to do this internet now we've seen a lot of cooperation now between while away and russia and some of the best tech
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developers in the world very very resentful about what the u.s. has done to our way and have every incentive financial and intellectual and national to come up with technologies that can that can be made to us at its own game so really in a way us is really poke the bear and it's i think there's going to be hell to pay sometime over the next $5.00 or 10 years for us industry oh yes i seem to always actually very much at diversifying here obviously it's about who can make the best products but also the most economic products that's what companies are really looking for to save them some money or some i least financially less than those that less are less financial level of a burden on these companies kristie the u.s. continues to isolate and block while way though and it's increasingly turning now to russia transferring investment what does that look like. so the hallway c.e.o. brenton fake confirmed that after the without a huawei to the end he's left it transferred over massive amounts investments in the u.s.
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now over to russia so as jeffrey just said always still intends to be the new global influence and it's not recruiting developers and then you factors to help a build a 3rd alternative to google's android and apple's i os so while i says that there is room in the global market for another operating system and that it plans to take this opportunity now the u.s. is looking at this development and seeing the huge risk that it presents to america's control of the world mobile ecosystem but then again it is kind of the us it's all in the 1st place for backing while way into the corners so this is the only logical or turn out of this difference that you bear otherwise it would have continued on happily using android in the 1st place so after waging this war against holloway for over a year now america's actions against policy has left the door wide open for russia and similar to what i said before about australia it's not only about the current methods it's always about the future investments we talk about tech and r. and d. because of the fast pace the development cycle the days the u.s. lost out in r.
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and d. a 5 g. technology and falling tragically behind and instead russia's own tech sector and industrial base has gained and gotten a huge boost so china is kind of bracing to decouple its supply chain and industrial capabilities from the u.s. and now engaging with russia who will benefit hugely from now from these partnerships and we think about at what point does the united states actually say you know this is enough that we're seeing this a little bit by them loosening these these restrictions somewhat on actually supplying things or these these properties to to while away so i guess time will tell but this the saga continues it seems like it never ends who must go host christiane an editorial director for the american institute for economic research jeffrey tucker thank you both so much for your time today. and good. time now for a quick break but hang here because we'll return u.k. prime minister worth. johnson well you know new instructions in his attempt to curb a wave of the but how will this affect the already shattered economy. they've got
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to brace for the numbers up. cash calendar is drawing alfonzo among his darned his cherished unpaid change guard served our. whose 1st words were added i will see you're a child of the post you got to use to me. i have no doubt that what happened was criminal. offense concentrated market is a $1000000000.00 industry these companies how does huge financial motivation to solve these problems there are numerous stocks showing that doctors work keen to
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test facts right concentrates free in fits of its own that patients want gives them doctors the wrongs to play golf our current system why they would keep me from security procedures day to day people still die and i'm always question michaud all right being on our own to live so many have. now look forward to talking to you all. that technology should work for people. i robot must obey the orders given by human beings except where such orders would conflict with the 1st law show your identification for should be very careful about artificial intelligence and the point of view is see is to face transfer everyone of them shia. on various jobs and with artificial intelligence will summon the
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demon. robot must protect its own existence as a mix of. americans . if it's all the white shouldn't resign. or challenge ideologies exclusionary color the supreme court. and we're being told. is the only way out of this downward spiral. we're segregated. by social class lower middle class people also in poverty by 1st name if you're born into a poor family if you're born into
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a minority family if you're born into a family that only has a single parent that really constrains your life chances people die on average 15 years younger if you're born into generational poverty. by every day so you meet your needs and the needs of your family. a new round of walk downs has been announced by u.k. prime minister boris johnson well after a warning by 2 scientists that the u.k. could see 50000 new cases of coronavirus by mid october when the u.k. has imposed new restrictions to limit the spread of the virus the list of those new
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restrictions and clued office workers who can work from home should do so pubs bars and restaurants in england will be ordered to close by 10 pm each night ptolemy sector will be restricted to table service only face coverings must be worn in taxis and private hire vehicles and by retail. while at work while customers in hospitality will also have to wear face coverings except while seated at a table to eat or drink other planned return of spectators to sports venues will now not go ahead from october 1st and wedding ceremonies and receptions will be kept at 15 people from monday the u.k.'s prime minister says that while the lockdown will not be as severe as it was back in march these steps are definitely necessary. i want to stress that this is by no means a return to the food looked at. march we will ensure that business is constrained in the code compliant way however we must take action to suppress the disease.
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first we are once again asking office workers who can work from home to do so in key public service is a new profession as well working is not possible such as construction retail people should continue to attend their workplaces and like government this house will be free to take food its business in a secure way. joining us now to discuss is board member with the british american business association hillary ford which hilary thanks for joining us today there has there has to be some a lot of anxiety rather from a business owners here that just as they thought that these are downs were actually over they've been hit with a 2nd round what are you hearing yes i'm hearing what you wouldn't be surprised to hear both across the atlantic actually so in the u.s. it's purported that 85 percent of family owned restaurants are going to disappear and in the u.k.
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it's purported that about 50 percent of all travel related companies restaurants and sort of retail small retail were owned by stablish months are going to go out of business so i mean obviously this is something that's sort of a blow at the moment definitely however i will temper about with some optimism and that is in terms of the japan deal but as being just completed by the british government in light of course of bracks that and also there are talks underway by the secretary of trade as trast with australia australia so couple of good things to look out if you referred to the think tank director robert odes he's a think tank director for the british group he's actually pointed to the fact that there are many companies that are currently based in the e.u. that are actually thinking about relocating to the u.k. and this is a. reason for optimism i'm hearing this from a lot of british leaders and euna lee but just recently was discussing leaving the netherlands and moving to the u.k. a number of car companies are discussing moving their production facilities from
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spain to the u.k. so from business latest on seo question now in a nutshell i'm hearing a degree of tempered optimism i mean of course g.d.p. fell by 20.4 percent in august and it is reported by p.w. see that for every year that the lockdown continues a $15300000000.00 is lost towards g.d.p. so of course it's negative of course this isn't positive of business but actually sarah only 17 percent of the british public oppose this so the support for the lock down in terms of what's right to do and yet of course concerns for those businesses that won't survive well the fact that they're not doing a complete lockdown as we heard boris johnson say ben i want to bring in bus co-host ben swan investigative journalist i want to talk about the science here patrick valence the british government's chief scientific advisor and chris wendy chief medical advisor officer for england he said the number of krona various cases is doubling roughly every 7 days was there really any other choice but to
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reinstitute this sort of lockdown i think there's a lot of choice here 1st of all there's a lot of criticism over these numbers in fact there's a group of scientists who have come out against it saying that it's implausible that they would actually get to the point of having $50000.00 new cases per day they say yes we're seeing this 7 day increase but they do not expect that to continue to go for a prolonged period of time and also in order to get to that 50000 new cases a day the u.k. would have to have such a significant jump it would have to vastly outpace both spain and france that have much higher numbers of cases the cases in the u.k. and so in fact there was one scientist and ridiculous who came out against this and said that this should actually be seen as by the way professor david paton he's with the. the university of nottingham and he said these figures may suggest an investigation from the office of statistics regulation which regulate regulates the accuracy of data given to the public so these numbers are completely off by the way
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i want to throw out one of their names neil ferguson remember neil ferguson was the scientist who initially started a lot of these models for lock downs and shutdowns saying there would be 200000 deaths in the u.k. and 2000000 in the us well he's been proven to be completely wrong in almost every model that he's put forward not because a lot of success but his models are just completely off and he's back at the forefront of this also saying this is a perfect storm ready for more you know absolute destruction if this doesn't happen so at some point i think you have to have a commonsense approach that says we have to stop believing people who put out these these iranians models get it wrong and then they come up with another one and yet government officials heed their warning as if they've they've been right there at a terrible track record still listening to them hillary lots of talk about the business to use here that they're demanding of drugs that you know you mentioned a little bit about the new japan japan deal the huge deal that the u.k. made and the replacement now there's a replacement of the furlough scheme to safeguard u.k. manufacturing firms and jobs and that's in response to the 1st lockdown are you
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thinking and do you do you see the 2nd lockdown only making the situation worse well i do and if i may say i just actually given that ben race it's an excellent point with regard to niall ferguson he was actually caught having an extramarital affair visiting this woman without any kind of protection whatsoever and his flat facts actually were totally and utterly off base so i do think a lot of this is blown out of proportion and also a lot of doctors have been pressured to actually report desk where really the deaths were due to preexisting conditions i mean deaths are always sad and we're not downplaying deaths but lots of deaths due to predict this preexisting conditions like cancer and leukemia as well as a lot of obesity and that's the cause of a lot of this so there are lots of factors and the numbers on necessarily accurate . now to answer your question with regard to the 2nd follow yes that's not something the business leaders and this is so really look forward to there's been a lot of pressure mostly actually to get the brakes it deal don going back to my earlier point because then the u.k.
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is freer to make global negotiations i'm particularly with the impending deal with a trade deal with robert lighthouses in the u.s. so businesses want the focus to be breck's it to be completed and yes they do not want to have their businesses shut down and it's making it harder been one right left there's a lot of concern the u.s. could soon follow the u.k. in terms of this a virus resurgence are we looking at the same the same type of issues that we face here. i think we could be if we continue to listen to the kind of nutty scientists like what they're listening to in the u.k. . very quickly the bottom line is when you listen to these so-called experts you need to look at where their funding comes from many of these experts are funded by either vaccine companies or people like bill gates who are pumping money into these organizations and they are touting the line that does not match the data involved and i would challenge people look at the numbers for data for the u.k. in terms of new cases and numbers of deaths just are way down right like new cases
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and a lot of the cases are up and actually a lot of the cases up just because people actually have the testing that there also is and it's not all the more about that iris now than we did months ago so definitely a better situation now hillary ford which had been swan thank you both for breaking this down for us. now to new york where a team of mathematics may have finally unlocked the secret of how point of rock formations known a stone for have have gotten their shapes and what they may have discovered that may be sweeter than you think turning tavis has more on the story. the stunning razor sharp tips in stone forests have long fascinated scientists but no one team of researchers here in new york are setting out to discover exactly how these magnificent structures are actually formed and they're doing it with a new sugar. experiment and a new study researchers from n.y.u. investigated the formation process behind these jaggar pillars by simply using candy to test their simulations in the lab the team combined granulated table sugar
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corn syrup and water in molds to make blocks and single pillars of solidified candy using sticks of the sugary treat the team discovered that cylindrical shapes can naturally sharpened into a point in still water as they dissolve and no complicated flow is needed the simulation shows the sharpening effect occurred as the candy dissolved making it heavier than the surrounding water therefore the sugary water sings downward only almost like a skin coming off the candy the co-author said in the statement we 1st discovered the spikes formed by dissolution when we left candy in a water tank and came back later to find a needle like speier this year was into the problem and we were very excited when we realized the connection to stone pinnacles and stone forests which have been quite mysterious in their development we hope our experiments tell a simple origin story behind these landforms the phenomenon could explain why sharp stone pinnacles are often found were easily dissolvable limestone rock dominance like the stone forests found in china or malaysia all my take years and sometimes
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even centuries for an actual stone forest to blossom the researchers were able to prove that same trick by simply using candy reporting in new york trinity chavez r.t. . that's it for now catch me most on the man on the portable t.v. app available on your apple and android devices or simply check it out of portable the t.v. and will leave you with today's closing numbers will see you next time. match ties or financial survival guide stacey south fill out let's say i'm not sure i get . the fight. thank you for.
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the story that's right if you looked at slavery. cas calendar is darn alfonzo among his darned this changing page changed our served our art. his 1st words were added i will see you're a challenging post you've got 2 years to live. i have no doubt that what happened was criminal. offense concentrate market is a $1000000000.00 industry these companies have a huge financial motivation to sow these problems there are numerous stocks showing that doctors were keen to test facts right concentrates free in fits of its own that patients want gives them doctors the wrong to play golf term the stuff why
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they would keep me in security procedures day to day on people is to die and i'm always question or so i tried being hard to live by and so many have. is you'll be via reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being led so. direct. what is true what is faith. in the world corrupted you need to descend. to join us in the
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depths. aura made in the shallowness. we are segregated. by social class. people poverty 1st. if you're born into a poor family you're born into a minority family if you're born into a family that only has a single parent that really constrains your life chances people die on average 15 years old if you're born into generational poverty. by every day you meet your needs and the needs of your family. join me every thursday on the alex simon short and i'll be speaking to the world of
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politics or i'm sure i'll see you then. developing story of a russian opposition leader in the valley discharge them from the charity hospital in berlin with german medics saying they are hoping for a full recovery. is ready to provide for you with with top notch assistance free of charge to vladimir putin offers united nations stuff to try a brand new russian covert. for free with the country has already received requests from the un colleagues. 3rd stage of vaccine trials here in russia to correspondent becomes one of the 1st in the country to get the shop. there.

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